Nicholas Company Inc. lessened its holdings in AMETEK, Inc. (NYSE:AME - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,545 shares of the technology company's stock after selling 21,525 shares during the period. Nicholas Company Inc.'s holdings in AMETEK were worth $20,648,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of AMETEK by 3,116.7% in the fourth quarter. Versant Capital Management Inc now owns 193 shares of the technology company's stock valued at $35,000 after acquiring an additional 187 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in AMETEK by 62.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 200 shares of the technology company's stock worth $34,000 after purchasing an additional 77 shares during the period. AdvisorNet Financial Inc raised its position in AMETEK by 1,176.5% in the 4th quarter. AdvisorNet Financial Inc now owns 217 shares of the technology company's stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of AMETEK by 42.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 233 shares of the technology company's stock valued at $42,000 after buying an additional 70 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of AMETEK during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 87.43% of the company's stock.
Insider Buying and Selling at AMETEK
In related news, Director Steven W. Kohlhagen sold 1,320 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $189.41, for a total value of $250,021.20. Following the sale, the director now owns 22,029 shares of the company's stock, valued at approximately $4,172,512.89. This trade represents a 5.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on AME shares. Truist Financial raised their target price on shares of AMETEK from $221.00 to $222.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Robert W. Baird reduced their target price on shares of AMETEK from $200.00 to $197.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. StockNews.com raised AMETEK from a "hold" rating to a "buy" rating in a report on Sunday, March 9th. BNP Paribas raised AMETEK from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a research note on Thursday, January 16th. Finally, KeyCorp boosted their price objective on shares of AMETEK from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.67.
View Our Latest Stock Analysis on AMETEK
AMETEK Stock Down 0.6 %
NYSE AME traded down $1.05 during mid-day trading on Thursday, reaching $176.02. 864,167 shares of the company's stock traded hands, compared to its average volume of 1,158,970. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $183.00 and a 200-day simple moving average of $180.44. The company has a market cap of $40.62 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 2.73 and a beta of 1.14. AMETEK, Inc. has a 1-year low of $149.03 and a 1-year high of $198.33.
AMETEK (NYSE:AME - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.02. AMETEK had a return on equity of 16.94% and a net margin of 19.83%. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period last year, the business posted $1.68 earnings per share. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts expect that AMETEK, Inc. will post 7.15 EPS for the current year.
AMETEK announced that its board has initiated a share repurchase plan on Friday, February 7th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
AMETEK Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a yield of 0.70%. This is a boost from AMETEK's previous quarterly dividend of $0.28. AMETEK's dividend payout ratio (DPR) is currently 20.91%.
AMETEK Company Profile
(
Free Report)
AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.
Further Reading
Before you consider AMETEK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMETEK wasn't on the list.
While AMETEK currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
